Monday, October 31, 2016
Murdoch: Industry Needs 'Serious' Competitor to Netflix, Amazon Prime
21st Century Fox Inc. CEO Rupert Murdoch has seen the future of television viewing and he doesn’t like it. Speaking Oct. 29 at WSJD Live confab in Laguna Beach, Calif., the 83-year-old media baron said rapid expansion and growth of subscription streaming services, led by Netflix and Amazon Prime Instant Video, have shaken up the TV industry on a global scale — and need to be countered.
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